Following are the regulators in India for Financial markets and companies

Name of Regulator

Type Of Regularity

SEBI

Capital market regulator

RBI

Money market regulator

Company law board

Apex authority for companies

Department of company affairs

Issue regulations for the companies

Registrar of companies

Primary legal interface for all companies

Ministry of Finance

Ultimate policy making and supervisory entity

Stock exchanges

Self regulatory organizations

Office of the public trustee

Controlling authority of Trusts

AMFI

Establish standards of Mutual fund industry on different aspects

To protect the interest of the investors, SEBI formulates policies and regulates
the mutual funds. It notified regulations in 1993 (fully revised in 1996) and issues
guidelines from time to time. MF either promoted by public or by private sector
entities including one promoted by foreign entities is governed by these Regulations.

SEBI approved Asset Management Company (AMC) manages the funds by making investments
in various types of securities. Custodian, registered with SEBI, holds the securities
of various schemes of the fund in its custody.

According to SEBI Regulations, two thirds of the directors of Trustee Company or
board of trustees must be independent.

The Association of Mutual Funds in India (AMFI) reassures the investors in units
of mutual funds that the mutual funds function within the strict regulatory framework.
Its objective is to increase public awareness of the mutual fund industry. AMFI
also is engaged in upgrading professional standards and in promoting best industry
practices in diverse areas such as valuation, disclosure, transparency etc.